Debt Help


Are you looking for ways to get out of debt? Well, I think you have come to the right place. These articles focus on debt elimination techniques, getting out of credit card debt, minimizing debt damage, and other ways to get out of debt.

7 steps to get out of debt
The 7 steps that I am going to take you through are things that my wife and I have done to pay down our debts. Each article is fairly long, so you can feel free to bookmark it and come back later or you can download it as an ebook. If you are serious about getting out of debt, I recommend that you read each article, even though the first two are a bit less practical than the last five. I believe that they the first two include the keys to successfully getting out of debt.
The 7 Steps to getting out of debt

Getting out of Debt (Step 1) – Realize it is not about you
Getting out of Debt (Step 2) – Open your mind
Getting out of Debt (Step 3) – Create a balance sheet
Getting out of Debt (Step 4) – Quit over-spending
Getting out of Debt (Step 5) – 15 ways to cut expenses
Getting out of Debt (Step 6) – Make sacrifices
Getting out of Debt (Step 7) – Snowball your debt

If you go through these articles and just do some of the stuff mentioned, you are going to be in much better financial shape than you were before. But, I recommend that you sit down with each article and really spend some time with it. The last five articles are going to require some actions on your part. So, spend a couple weeks and make getting out of debt your new hobby and work hard at it! You will be rewarded for your efforts!

Other resources to help you get out of debt

I have written quite a bit about debt on this site, since I have been trying to break my way out of it myself. These are a few other articles that might be worth reading…

Why you should get out of debt
Debt Snowball Software
How to negotiate with credit card companies
The Bible and Debt
Bankruptcy and the Bible
Reducing credit card interest rates
How to control spending
Learn how to say NO to yourself!
How to make a budget
Christians and Debt
6 Tips for a debt free Christmas
Money doesn’t solve money problems
How to quit spending more than you make
29 tips on getting out of debt from the readers
If you want to get out of debt you need Gazelle Intensity!
A good debt reduction strategy
My thoughts about credit card use
Money Mistake: Not paying attention to interest rates!

and if you still need some more articles about getting out of debt you can scroll down for more…

Remember, while I think you should read as much as you can to become informed, it isn’t about how much you learn, but how much you apply. So read up, learn how to do it, and get after it!!
















How to negotiate with credit card companies

how to negotiate credit card rates

A few years ago, when I had over $15,000 of credit card debt, I was often negotiating with credit card companies to get better interest rates. I took a very active approach toward minimizing my interest expense on my debt and learning to negotiate with credit card companies was a key component…

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The Step-by-Step Guide to Clean and Repair your Credit Report

A step-by-step guide to help you clean and repair the errors on your credit report

Nobody’s perfect. You aren’t and neither am I. But neither are the credit bureaus who compile your credit history or the creditors who report to those bureaus. If you have some splotches on your credit report the odds are that at least some of those black marks are there by mistake. The good news is, […]

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College Without Debt – Is It Possible?

Is it possible to go to college without taking on any student loan debt?

With the cost of college rising every year, the possibility of attending college without debt is starting to seem like a fantasy. But given the harsh realities of carrying large amounts of debt after graduation, every effort needs to be made in order to keep student loan debt to an absolute minimum. The Big Picture […]

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How Cars Affect your Financial Freedom

How your car dramatically affects your financial freedom...

I had a revelation about cars that has caused me to not really care what mine looks like. It’s not that I don’t want a really fast car, it is just that there is something I want a bit more: financial freedom.

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How To Consolidate Your Debt With Lending Club

This is a much cheaper, faster, and easier way to consolidate your debt rather than using traditional banks or debt consolidation companies. Lending club makes the process extremely simple and extremely cost effective -

Technology is changing everything – even the well-worn process getting a loan through a bank. You can now streamline the whole borrowing process and consolidate your debt with Lending Club. Lending Club is the largest and most well-known of the rising class of direct lending platforms that enable both borrowers and investors to bypass traditional […]

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What You Should Do If Your Mortgage Is Underwater

Underwater Mortgage

Much has been made in the past few years of homeowners who walk away from homes that are worth less than the outstanding mortgage balance. The process even has a name – strategic default – which is abandoning an investment that no longer looks promising. But is that the right course of action? And what should you do if your mortgage underwater?

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8 Ways to Stay Motivated While Getting Out of Debt

credit cards stack on white

You open that credit card statement and sigh. “It’s going to take forever to get this thing paid off.” When you add your student loan debt and your car debt, that sigh turns to a moan. You ask yourself, “How can I ever stay on task long enough to do this? Is there a way to stay motivated?”

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Why Money Doesn’t Solve Money Problems

why money doesn't solve money problems

I mean if you were making what your boss is making, it will not fix your financial squeeze. There is a famous principle that expenses rise to meet income, so if you are having a hard time paying your bills or making a dent in your mountain of debt money is NOT your answer.

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Finally get that debt paid off!

ChristianPF Getting Started Course

Having been in a lot of debt, and having gotten it all paid off, I can understand why the Bible says “the borrower is slave to the lender”. That was exactly how it felt for me – how about you? So why don’t we do something about it? Let’s get started taking an honest look […]

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What Are Modern Day Loan Sharks?

Payday Loan

With the advent of the credit card and lines of credit at local banks, loan sharks have lost popularity in the last 50 years, but they’re not extinct! We’ll look at how loan sharks have evolved, but first let’s take a look at the history of loan sharks and the practice of usury.

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4 Keys to Break Free from Your Debt

4 keys to paying off debt

Getting out of debt can be tough, but these principles can help you get through it much easier.

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How to Set Your Financial Priorities and Accomplish More

Money

For the longest time priorities plagued our ability to make forward progress on our journey to true financial freedom. For example, we were doing a little bit of everything in terms of working on financial goals. We were paying on car debt, student loan debt, saving some on the side for emergencies and contributing to […]

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10 Credit Card Traps Designed to Trip You Up!

10 credit card traps to watch for

An article on Yahoo Finance referenced seven credit card traps to watch out for. It was a good article outlining a few of the traps out there with credit cards. Personally, I find credit cards to be extremely helpful as a business owner, and in our personal finances, but that comes only after a toilet-cleaning campaign wiped out $10,000 of credit card debt and after much-needed self control was applied to my use of credit.

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My Checklist To Financial Freedom

Download this free personal financial checklist here

I love checklists. Especially when I want to make progress in a particular area but don’t exactly know what steps to take. This is a personal financial checklist that covers many of the steps I have taken over last decade that have helped me move from being a financial mess to having a little bit of an idea of what’s going on.

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